Business · Companies · 6 hrs ago
Bankaool plans to expand lending to small and medium-sized businesses
Bankaool plans to expand loans to small and medium-sized businesses in Mexico, which it calls Pymes.
Chief executive Francisco Lira says the bank sees its plans as aligned with the government’s Plan México.
The bank aims to offer businesses products including short-term loans, foreign exchange transactions and factoring.
It plans to use technology and branches to make banking easier for these businesses, and aims to increase its branches from 32 to 50 by the end of the year.
The regulator says Bankaool has lent 20.6 billion pesos for business and commercial activities, while its share of the banking market is 0.21%.
Bankaool also wants to strengthen personal and payroll loans, though the regulator’s figures show those loans are currently small.
Lira says mortgage lending is a possibility several years from now, not in the short term.
Bankaool plans to expand lending to small and medium-sized businesses and develop more business-banking products.
Chief executive Francisco Lira said the bank aims to support its strategy with technology and a hybrid model that includes branches.
Bankaool plans to increase its branch network from 32 to 50 by the end of 2026.
The bank also plans to strengthen personal and payroll loans, while mortgage lending is not expected in the short term.
Bankaool reported 33.889 billion pesos in assets and 20.601 billion pesos in business and commercial loans, according to regulator data cited by Expansión.
- Who
- Bankaool, led by chief executive Francisco Lira.
- What
- The bank plans to expand lending to small and medium-sized businesses and develop business-banking products.
- When
- The plans were reported on October 14, 2026. Bankaool aims to have 50 branches by the end of 2026.
- Where
- Mexico.
- Why
- Bankaool sees an opportunity to increase lending to businesses and links its plans to the government’s Plan México.
This story does not have two clearly opposing sides.
Francisco Lira joined Bankaool to lead its growth, transformation and innovation plans.
Expansión reported Bankaool’s plans to expand lending to small and medium-sized businesses.
Bankaool plans to increase its branches from 32 to 50.
- Planned branches
- 50 by the end of 2026, up from 32
- Assets
- 33.889 billion pesos
- Business and commercial loans
- 20.601 billion pesos
- Market share
- 0.21%
- Delinquency rate
- 0.62% at the end of July
What people are saying
The Plan México seems to have come out of our business plan. We are advocates for the government to do very well.
What makes us different is the hybrid model. It should be easy for an SME to interact with the bank and very quick to open an account.